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Showing posts with the label Bookingkeeping

Why Company Registration is needed?

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 Why Company Registration is needed? The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registrati...

Why Company Registration

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  The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registration COMPANY RECOGNITION : Your compa...

A Private Limited Company or an LLP

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  A Private Limited Company or an LLP. Choose what suits your business idea the best The difference between a private limited company and an LLP has always been a confusion among new business owners. Both these entities have almost similar kind of features, while they do differ in certain aspects. Few of the factors include: Registration Process The registration process to incorporate a private limited company involves the below steps Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company Registering an LLP also involves a similar process Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company   Registration Cost The registration cost incurred on an LLP by the government is much lesser when compared to that of a private limited company. Documents that have to be printed on the notarized and the non-judicial stamp paper in ca...

HOW TO RAISE FUNDS FOR A COMPANY?

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  aavana.in How to raise funds for a company When you start a business, you must also ensure that you have the proper funding option available. According to a recent study, most businesses fail due to a lack of funds. Raising funds for a new company involves various risks factors also. Fundraising  is nothing but seeking financial support to start a business or any charitable organization. Here are a few funding ideas that will be useful for your company. Crowdfunding Crowdfunding is one of the funding options available for a start-up that has been gaining a lot of popularity lately. Crowdfunding is nothing but taking a loan, pre-order, contribution, or investments from more than one single person at the same time.Detailed information of the business is put up on the  crowdfunding  platform. The company needs to mention the goals of their business, plans for making a profit, how much funds they require, etc. Customers will have access to all such information and fund...

Company Registration Services In India

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  The Registrar of Companies (ROC)   is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the Holding company who represents...

Company Registration

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  A company   is a legal entity that is formed by a group of people who engage themselves in the operation of a business. The line of business that the company chooses will determine the type of entity that the business will choose. Company registration  is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people. If you’re running a business which does not have an identity, there is a high chance of you as an owner, losing the unique name of your business to a person who has already got his company registered. You won’t be able to legally sue the person for this act. Company Registration will avoid such situations and also serves as an authentic proof for your business. Are you all set to start your next business venture?   Company Registration  can be a stressful task. However, registering your company legally will avoid unpleasant situa...

Limited Liability Partnership in India

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  Limited Liability Partnership in India Law Limited Liability Partnership is prevailed by ‘The  Limited Liability Partnership Act, 2008’  and various Rules made thereunder  Registered under the LLP Act, 2008. The registration is done under the Ministry of Corporate Affairs. Liability The liability of partners is limited in an  LLP  mainly because it’s a separate legal entity. The liability of the partners is limited to the amount invested by them in the company. Number of partners A minimum of two partners is required. However, a minor cannot be a partner in an LLP DPIN Each partner is required to obtain a DPIN (Designated Partner Identification Number) before being assigned as a designated partner in an LLP Transferability Shares can be easily transferred to another person after obtaining the consent of all the partners. However, a transferee cannot become a member automatically. Conversion An LLP can be converted to a  Private Limited Company . But,...